Charity registration number: 1003001
John La Rose Trust
known as
George Padmore Institute
Annual Report and Financial Statements
for the Year Ended 31 March 2024
Field Sullivan Llmited
9 Hare & Billet Road
Blackheath
SE3 ORB

John La Rose Trust
known as George Padmore Institute
Contents (continued)
Reference and Administrative Details
Trustees, Report
2tolO
Independent Examiner's Report
Ilto12
Statement of Financial Activities
13
Balance Sheet
14
Notes to the Financial Statements
15to24

John La Rose Trust
known as George Padmore Institute
Reference and Administrative Details
Trustees
Olateju Adeleye
Sharmilla Beezmohun
Aggrey Burke
Janice Durham
Azim Hajee
PatrlcSa Harrls
Roxy Harris
Ali Hussein
Linton Johnson
Chris Moffat
Nisha Obano
Robert Waters
Charlty Registration Number
1003001
Prlnclpal Office
76 Stroud Green Road
London
N4 3EN
Independent Examlner
Field Sullivan Limited
9 Hare & Billet Road
Blackheath
SE3 ORB
Page I

John La Rose Trust
known as George Padmore Institute
Trustees, Report
The trustees present the annual report together with the financial statements of the charity for the year ended
31 March 2024.
Trustees and officer5
The trustee5 and officer5 servlng during the year and since the year end were as follows..
Trustees..
Olateju Adeleye
Sharmilla Beezmohun
Aggrey Burke
Janice Durham
Azim Hajee
Patricia Harris
Roxy Harris
Ali Hussein
Linton Johnson
Chris Moffat
Nisha Obano
Robert Waters
l. Introductlon
The john La Rose Trust is a Charitable Trust founded in 1991 (then named the New Beacon Educational Trust)
and governed by a Trust Deed. The Officers of the Trust and the Trustee5 are elected at the Annual General
Meetlng of the Trust. The John La Rose Trust operates primarily under the name of the George Padmore
Institute.
The John La Rose Trust, prevlously the New Beacon Educational Trust, was set up 'for the advancement of the
public in matters relating to the political, social and cultural history of persons in the United Kingdom of
Caribbean, African and Asian descent, The aims and objectives of the Trust are to organise:
111 a library, educational resource and research centre, that will allow the materials in its care to be available
for use by interested individuals and groups, both In person at the Institute and through the use of modern
storage, retrieval and communication methods,.
121 educational and cultural activitles, including conferences, courses, seminars, talks and readings,.
131 the publication of relevant materials.
2. Statement of publlt beneflt
The Trustees confirm that they have complied with their duty to have due regard to the Charity Commission's
public benefit guidante when exercising any powers or duties to which the guidance is relevant.
Page 2

John La Rose Trust
known as George Padmore Institute
Trustees, Report (continued)
3. Charitable actlvlties
3.1 Trustees
3.1.1 General
Four full meetings of the Trustees took place in the financial year 202312024:
- the Trustee Meeting and AGM on 5 November 2023,.
and three Trustee Meeting5 on 30 April 2023, 30 July 2023 and 28 January 2024.
In this financial year we had 13 trustees, with 4 vacancies. One vacancy has since been filled, with Kevin Le
Gendre coming on board from Aprll 2024 and being added to the Charity Commission retords in August 2024.
Another Trustee will be voted on in autumn 2024.
3.1.2 Trustee Actlvlty
Sarah White's Estate: In the year 2023-24, GPI Trustee Sharmilla Beezmohun acted as co-executor for our late
secretary Sarah White's estate, whilst fellow Trustee Pat Harris and other volunteers helped to clear her
house. All of this work was concluded in Spring 2024.
John La Rose Award, Haringey Councll, Aprll 2023: GPI Trustee Nisha Obano was the GPI representative at the
meeting for Haringey Council's bursary award named after one of our co-founders. The bursary helps
low-income students with university costs. Nisha, alongside Haringey councillofs and other post-16 education
professionals, awarded twelve students the John La Rose Award, with the council supporting three other
students In other ways.
Linton Kwesl Johnson In conversatlon wlth Burt Caesar, May 2023: Talking about his first book of collected
prose, Time Come, GPI Trustee Linton Kwesi Johnson spoke to actor Burt Caesar at a sold-out event at Brixton
Library co-organised with the GPI.
Your Local Arena event, October 2023: Literature organisation Speaking Volumes Ico-run by GPI Trustee
Sharmilla Beezmohunl and independent producer Lucy Hannah ran this event in collaboration with the GPI and
198 Contemporary Arts and Learning in south London lan organlsation chaired by GPI Trustee Linton Kwesi
Johnson). They showed the BBC Arena film Upon Westminster Bridge and Arena editor Anthony Wall, Linton
Kwesi johnson and poets Helen Thomas and Hannah Lowe spoke about the film afterwards. The event was
sold out and 198 and GPI shared the ticket monies.
Sarah Whlte Trlbute event, Brltlsh Llbrary 29 October 2023: Organised by GPI Trustees Sharmilla Beezmohun,
Pat Harris, Roxy Harris and Linton Kwesi Johnson on behalf of Sarah White's family, this well-attended event
featured people who had known our late GPI Trustee and secretary Sarah White, including family, friends,
colleagues from MIND and others. Long-time GPI supporter Glenda Pattenden designed a tribute booklet
featuring memories of Sarah plus photos, as well as information on the event contributors, who also included
people on film such as poets Jay Bernard, Mervyn Morris, Olive Senior and a short music excerpt from
composer
Shlrley
Thompson.
The
film
the
event
can
found
here..
https'.//www.youtube.comlwatch?v-6r3bxDldLmw
Page 3

John La Rose Trust
known as George Padmore Institute
Trustees, Report (continued)
3.2 Commlttee5
During 2023-2024, we used ad hoc committees to deal with essential day-to-day tasks as they emerged. For
example, an ad hoc committee helps with our Arts Council England National Portfolio Organisation work leg
Trustee Chris Moffat leads with website development), whilst others help the Archivist Sarah Garrod and
Office Manager Teresa Palmiero on buildings reports and recruitment of builders for jobs (led by Vice-chair Ali
Hussein and Trustee Pat Harris).
3.3 Finance and Fundralsing
3.3.1 Fundrolslng and Other Income
In April 2023 the GPI became an Arts Council England IACEI National Portfolio Organisation INPOI for three
vears, getting funding of £73,000 per year in quarterly payments, subject to submitting quarterly reports to
ACE - including audience figures for events and regular budget and activity reports. This funding has enabled
the GPI to employ a part-time Communications Manager from May 2023 and to continue our regular
programme of archive work, publishing lon an ad hoc basisl and events. We will still need to raise c.£48,000
per year to meet all our costs, which will come from rent, book sales, event ticket sales, fees for workshops,
Gift Aid, donati0115 and other funding applications.
In this financial year we launched a fundralsing appeal to raise £35,000 for urgent bullding repairs, including
work on the roof, drains and other work. One-off donations from supporters raised £7,866 whilst artist Peter
Doig, in conjunction with the Paul Stolper Gallery, sold a limited number of prints of a painting of GPI Trustee
Llnton Kwesi Johnson. This generous sale raised £27,000 for our buildings appeal, enabling us to meet our
buildings appeal target. The building work will take place in the 2024-25 financial year.
In early 2024 New Beacon Books, the shop on the ground floor of the GPI. was broken into over the
ChristmaslNew Year holidays. The GPI was awarded £2,215.08 from Zurich, our insurance company, to replace
the front door of the building.
In February 2024, the GPI received a gift of £SO,000 from the estate of Sarah White, as set out in her will. This
money will become the GPI'S reserves.
3.3.2 Bunklng
CAF Bank: The GPI'S account with CAF Bank is working well. GPI Office Manager Teresa Palmiero instigates all
online payments, whith are then authorised by Trustee Sharmilla Beezmohun. GPI Trustees Roxy Harris. Pat
Harris and Azim Hajee are all also signatories on the account. We also have a CAF debit card.
Barclays Bank: The GPI was informed that our Barclays account would be closed but thls has not happened to
date. We are checking how to ensure this happens as soon as possible.
PayPal., We continue to Use PayPal as a way of enabling more people to donate to the GPI, with monies from
there transferred to the CAF Bank account regularly by Office Manager Teresa Palmiero.
3.4 Staffing
The period saw the GPI having three core part-time staff: a part-time Archivist Isarah Garrod - 314 days
weeklyl, Office Manager (Teresa Palmiero 2 days weekly) and Communication5 Manager11saac Pye 2 days
weekly, appointed in May 2023 once the ACE funding started).
Page 4

John La Rose Trust
known as George Padmore Institute
Trustees, Report Icontlnued)
In this financial year, we didn't implement a rise in pay for any staff members, but will raise this in the AGM
meeting due to be held in October 2024, with any approved pay rises to be implemented immediately.
In early 2024, Trustees Pat Harris, Chris Moffat and 5harmilla Beeimohun conducted staff reviews with all
three staff members to ensure they are all OK and to theck on how else we might support them moving
forward. This will be an annual process.
3.5 George Padmore Instltute Work
3.5.1 Pub115hing ut the Institute
In the year 2023-24, the GPI aimed to contlnue our series, Reaching New Generation5, which are children's
books inspired by our archive collections (funded by ACE). The first two books in the series were for
5-8-year-olds.' Dream to Chonge the World.. The Story of John Lo Rose120211 and Jump Upl A Story of Cornivul
120221, both written by and Illustrated by Ken Wilson-max. The books demonstrate the importance of Black
8ritish history and inspire new generatlons with stories of diversity and Sncluslon. The books were well
reviewed and the Carnivol book was lonBlisted for the Little Rebels Award in April 2023. However, we had to
put the plan to publish two more books on hold due to Ken Wilson-max being too busy
although he
continued to do events around the books, including one at Stamford Hill Library in north London in October
2023. We have therefore spent 2023-24 getting advice and feedback, aiming to restart the project in the next
financial year.
For our tribute event for Sarah While, held at the British Library in October 2023, we published a tribute
booklet about her including memories of her friends and family. Some 300 copies were distributed for free at
the event and afterward5.
Although we didn't reprint any GPI books in this financial year, we continue to sell all our books and other
material via our website and to give away some children's books.
3.5.2 6enerulArchlve Work
This year, the Archivist concentrated on..
processing the second set of boxe5 of manuscripts by John La Rose containSng drafts, notes and poems (some
unpublished). This work is slow and requires detailed cataloguing but will ensure that we have a complete
manuscript section in our online catalogue. Over 158 files have been listed in detail;
Proofing and repackaging the completed Andrew Salkey Archives collection IASAI gifted to the GPI by Pat
Salkey and uploading it to our online catalogue.
Tying up any loose ends where volunteers had started cataloguing files but were unable to finish.
It 15 noted that from April 2023, the GPI ACE NPO target for processing archives lie conserved,. sorted,.
catalogued) is 240 items per year.
3.5.3 Research Vlslts to the Archive
These have been consistent throughout the year from l April 2023 to 31 March 2024, totalling 245 for the year
179 in May-july,. 45 in Aug-oct; 51 in Nov-jan; 70 in Feb-Aprlll,
Page 5

John La Rose Trust
known as George Padmore Institute
Trustees. Report (continued)
Popular topics/tollectSons: Abengl Althea McNish,. Black Parents Movement,. Broadwater Farm,. Carlbbean
Artist5 Movement; Carnival,. Cultural Congress of Havana,. education and supplementary schools,. European
Action for Racial Equality and Social Justice,. Flamingo; foundation of New Beacon,. housing and urban planning,,
International Book Fairs of Radical Black and Third World Books,. Joan Goody,. Manchester (tied to a film that's
being created by Jen Nkirul- Negro Theatre Workshop,. New Cross Massacre Action Campaign,. Nottingham,.
OWAAD and women's groups,. psychology,. Voice of Rasta,. West Indian World.
We had several researchers from Canada and from continental Europe, especially Belgium, France, Germanv,
Italy and Norway. Many booked multiple appointments over an extended period and we received more visits
from researchers working in pairs or groups of three.
Mitigation against COVID.. Archivist Sarah Garrod dropped the request that vlsitors brlng face coverings (unless
medically exempt) for the benefit of other researchers. No one arrived with a face covering and no one
requested that anyone wear one.
3.5.4 Volunteer5 In the Archive
This year we had a consistent number of on-site volunteers, comprising c.4 per quarter, with some
volunteering also done remotely leg transcribing audio recordings). The volunteers included undergraduate
students from Queen Mary University and North Eastern Universlty London, a student who commuted from
Oxford over the summer 2023 and a researcher who asked to join the volunteer team.
We had an intern at the GPI from 26 February-5 April 2024, a Queen Mary MA student studying history. The
internship went really well and was beneficial to both sides. Tasks included cataloguing sets of photos and
listing correspondence. Full training was given in CALM and guidelines were provided in handling, preservation
and catalogulng material.
All volunteers are trained in the use of our CMS system plus undertake the cataloguing of selected files.
especially those which require additional research to establish the order and content of the papers. Most of
the volunteers aim to eventually work in the heritage sector and have volunteered at other archives leg the
Huntley Archives) or in museums, but one has also been able to bring marketing and social media/website
skills to the GPI.
3.5.5 External Project5/Outreuch
Open Unlverslty Collaboration
during the year we continued our collaboration with Sue Ledger (research
fellow with The Open Universityl and Paul Christian lactor with the learning disability theatre company, Access
All Areas). We completed our three easy read documents and added a disclaimer to them to say that the views
expressed there were not necessarily those of the GPI, as they were written by Sue Ledger and Paul Christian.
The
Open
Universitv
approved
the
easy
reads,
which
can
found
here..
https:l/www.georgepadmorelnstitute.org/news-and-events/launch-of-george-padmore-collection-easy-read-series
The National Archives {TNA) project to build a protocol research interface on their Dlscovery platform
Sarah Garrod 15 Snvolved with this project for the TNA Discovery platform (the current interface for searching
the archives held at TNA and other repositories around the UK). The draft prototype was launched at the
Friends of the Huntleys Archive IFHALMAI Conference at the London Metropolitan Archives on 24 February
2024. Sarah Garrod took part in a panel discussion, followed by user testing. The project is ongoing and will
take several years to complete but TNA will lead on it and apply for further funding.
Page 6

John La Rose Trust
known as George Padmore Institute
Trustees, Report (continued)
MayDay Rooms - We were one of several partner5 in a 2023-24 year-long youth project run by MayDay
Rooms, includSng a workshop session run by us Isee below). MayDay Rooms publicised the workshop to their
target audience of 18-24-year-olds who are unlikely to have visited an archive before, a5 they already work
with various youth groups.
3.5.6 Networking
The GPI team met other Haringey ACE NPOS and local touncillors at Jacksons Lane local arts venue in Mav
2023, several of whom are also members of the Haringey Culture Network IHCNI. Sarah Garrod later met Sally
Gimson, Arts and Culture Strategy Development Officer for Haringey, who is working on a Haringey Culture
Strategy IHCSI. Although we haven't been able to attend many HCS meeting5, we are keeping in touch with
thi5 group.
In September 2023 the GPI was visited by the Archivist and Head of Service at the Ahmed Iqbal Ullah RACE
Centre in Manchester and two archivists from the National Theatre. A former GPI volunteer, Zach Myers, had
just finished a pre-course experience post at the National Theatre archives and helped to set up the visit. Such
visits help us to build relationships with other organisations who hold collections that cross-reference to our
own.
Five Preston Manor School senior staff visited the GPI on 27 September 2023 to discuss the Joan Goody
archive collection and learn about Joan'5 pioneering teaching and research into Caribbean schools. This may
lead to further research visits and potential workshops with students from the school. One item of interest
was Joan's handwritten journal from a trSp to the Caribbean, which the school staff suggested might be
published, with permisslon of the Goody family, and whlch could become a future GPI project.
3.5.7 GPI Workshops
S July 20Z3.' workshop to a group of vulnerable, marginalised women from Hibiscus Initiatives (based locally on
Holloway Roadl, led by their local Heritage Project Offlcer and GPI Archivist Sarah Garrod. The workshop
focused on the value of keeplng archives, especially activist archives. an introduction to processing archives
and research tIP5.
7 November 2023: Sarah Garrod delivered a paid workshop with London-based students from Lawrence
University IWi5COllsinl on the Negro Theatre Workshop.
21 November 2023.. Trustee Sharmilla Beezmohun instigated a GPI paid-for graphic storytelling workshop by
former New Zealand Poet Laureate Selina Tusitala Marsh.
23 November 2023: A free screening of the Ivongrove Nine film with Outlandish, a cooperative based at the
local Space4 venue on Fonthill Road. Sarah Garrod introduced the film and the work of the GPI. There's
potential for ongoing collaboration with Outlandish.
8 February 2024: Sarah Garrod and Trustee Linton Kwesi Johnson delivered a successful free workshop at the
MayDay Rooms called 'Rediscovering Identity.. Black British Experience 1960s-19905' to engage more young
people118-251 in archives.
Page 7

John La Rose Trust
known as George Padmore Institute
Trustees, Report (continued)
22 February 2024: Sarah Garrod ran two workshop5 at the GPI with 15 students per group studying
postcolonial and contemporary Ilterature at Queen Mary University of London. The students were shown
materials related to the Caribbean Artists Movement and the New Cr05s Massacre Campaign, which gave them
insight into Surge by Jay Bernard, the poetry collection they were studying.
24 February 2024: Sarah Garrod participated in a panel discussion at the 18th Annual Huntley Conference
'Discovering Black Women in Black Educatlon Movements: Building an Intergenerational Archive Partnership
Project, about 3 project to create an online black history port31 linked to The National Archives, catalogue,
Discovery Isee abovel.
6 March 2024: University students from Royal Holloway visited the GPI for a class discussion session on the
New Cross Massacre Campaign, led by Dr Karina Lickorish Quinn.
16 March: Sarah Garrod ran a workshop at the GPI with 13 students from the University of Notre Dame
Ilndiana, USA), looking at migration from the Caribbean, with a request to learn about the Caribbean Artists
Movement.
3.5.8 Other Actlvltles
The GPI loaned material to the 8ritish Library for their exhibition Malorie Blackman.. The Power of Storie5
exhibition124 Nov 2023-25 Feb 20241. These were.. a copy of the first book fair brochure and a small photo of
Norman Smith taken in New Beacon Books. The material was returned safely.
The GPI loaned material to the British Library for their exhibition Beyond the Bassline.. 500 Years of Bluck British
Music126 Apr-26 Aug 20241. These were.. Una Howe watercolour designs for women's Hi-Life, Ragga, Soca and
Jungle costumes from the Carnival collection14 items).
We received an email from Jacqueline Springer, Curator, Africa & Diaspora.. Performance at the Victoria &
Albert Museum, inviting us to work with them on the exhibition rhe Music is Block.. A BrAtish Story, for V&A
East. Although this didn't happen, it is testament to the GPI'S reputation that we were approached.
3.6 Website and Soclal Media
Since Isaac Pye. our Communications Manager, was appointed in May 2023, he has been working with the
team to keep our website updated. This includes putting all our newsletters onto the website once they have
been sent out vla Mailchimp. Both he and Office Manager Teresa Palmiero continue to add to the website
content regularly.
Isaac Pye also now runs the GPI'S social media, ensuring that each post Is checked before it goes online. He
provides quarterly reports to the GPI Trustees, meetlngs and is now reporting on social media numbers each
time, to ensure we have data on our growth, which posts are popular etc. He aims to get the GPI onto
platforms we have not used to date, such as Linkedln etc. The Social media data will enable the GPI to work
smarter Sn terms of social media in the future, as well as being useful to show ACE in our reporting to them.
4. George Padmore Institute's Relations with New Beacon Books Ltd
In 2023-24 the GPI'S relationship with New Beacon Books continued to remain challenging, with no rent
increase implemented. The Trustees will review this in the 2024-25 financial year, as the current rent is
minimal and has not been increased for many years.
Page 8

John La Rose Trust
known as George Padmore Institute
Trustees, Report Icontinued)
All bills for the building are in the GPI'S name and GPI Office Manager Teresa Palmiero invoices New Beacon
Books for their share of them130Yo for utility bills, 65% of the business ratesl, as well as for the rent each
month. New Beacon pay all their bills on time and they also regularly pay the GPI for the book sales they make
each month. This system is working very smoothly, so financial issues between the two organlsations have
become much more professional.
5. Financial review
Income in the financial year 2023-2024 totalled £175,934 and expenditure was £79,935, resulting in a surplus
of£95,999.
With the donation from Sarah WhSte's will in February 2024, the GPI now has reserves of £50,000 to cover SIX
months, running Costs. These are in a CAF Bank savings account, set up in Summer 2024.
The Trustee5 have no additional uncertainties about the immediate prospects of the Trust being able to
continue as a going concern.
6. AGM
At the Annual General Meeting held on 5 November 2023, the following Trustees were elected to posts of
responslbility..
Chairperson.. Roxy Harris
Vlce ChaSrperson: Ali Husseln
Secretary.. Chris Moffat
Treasurer.. Sharmilla Beezmohun
Statement of Trustees, Responslblllties
The trustees are responsible for preparing the trustees, report and the financial statements in accordance with
the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and
applicable law and regulations.
The law applicable to charities require5 the trustees to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the charity for that period. In preparing these financial statements, the trustees are
required to..
select suitable accounting policies and then apply them consistentlv,.
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements,. and
prepare the flnancial statements on the going concern ba515 unless it is inappropriate to presume that the
charity will continue in buslness.
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John La Rose Trust
known as George Padmore Institute
Trustees, Report (continued)
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements complv
with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the
constltution. The trustees are a150 responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information
included on the charitable company's website. Legislation governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
2?.10.2
The annual report was approved by the tru5tee5 of the charity on .
and signed on its behalf by..
SharmiliaDqezmohun
Trustee
Roxy Harris
Trustee
Page 10

John La Rose Trust
known as George Padrnore Institute
Independent Examlner's Report to the trustees of John La Rose Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March
2024 whSch comprise the Statement of Financial Activitie5, the Balance Sheet and related notes.
This report 15 made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities
Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am
required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do
not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for
my work, for this report, or for the oplnions I have formed.
Responslbllitles and basis of report
As the charity trustees of John La Rose Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 20111'the Act'l.
I report in respect of my examlnation of the John La Rose Trust's accounts carried out under section 145 of the
2011 Act and in carrying out my examinatlon I have followed all the applicable Directions given by the Ch3ritv
Commission under section 14515llbl of the Act.
An independent examination does not involve gathering all the evidence that would be required In an audit
and consequently does not cover all the matters that an auditor considers in giving their opinion on the
financial statements. The planning and conduct of an audit goes beyond the limited assurance that an
independent examination can provide. Consequently l express no opinlon as to whether the financial
statements present a 'true and fair, view and my report is Ilmited to those specific matters set out in the
independent examiner's statement.
Independent examlney's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the Èxamination giving me cause to believe that in any material respect:
l. accounting records were not kept in respect of John La Rose Trust as required by section 130 of the Act;
or
2. the financial statements do not accord with those records,. or
3. the financial statements do not comply with the accounting requirements concerning the form and
content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than anv
requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an
independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Page 11

John La Rose Trust
known as George Padmore Institute
Independent Examiner'5 Report to the trustees of John La Rose Trust (continued)
Tim Sullivan FCA
9 Hare & Billet Road
Blackheath
SE3 ORB
Page 12

Ln ￿ m
co

John La Rose Trust
known as George Padmore Institute
(Registration number: 1003001)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
li
200,984
201,312
Current a55etS
Debtors
12
976
103,352
2,894
8,698
Cash at bank and in hand
13
104,328
11,592
Creditors: Amounts falling due wlthln one year
14
12,4481
16,0391
Net current assets
101,880
5,553
Net assets
302,864
206,865
Funds of the charitv:
Unrestricted Income funds
Unrestricted funds
302,864
206,865
Total funds
16
302,864
206,865
The financial statements on pages 13 to 24 were approved by the trustees, and authorised for issue on
2?... ! o: ZAnd signed on their behalf by..
Sharmilla Beezmohun
Trustee
Roxy Harris
Trustee
The notes on pages 15 to 24 form an integral part of these financial statements.
Page 14

John La Rose Trust
known as George Padmore Institute
Notes to the Financial Statements for the Year Ended 31 March 2024
I Charlty status
The charity is domlciled in England and Wales.
The address of its registered office is:
76 Stroud Green Road
N4 3EN
2 Accountlng policies
Statement of compliance
The flnancial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Flnancial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 1021 (effective l January 20191
(Charities SORP IFRS 1021 Second edition October 20191, the Financial Reporting Standard applicable in the
UK and Republic of Ireland IFRS 1021. They also comply with the Companies Act 2006 and Charitie5 Act 2011.
Basis of preparatlon
John La Rose Trust meets the definition of a public benefit entity under FRS 102. The accounts Ifinancial
statements) have been prepared under the historical cost convention with items recognised at tost or
transaction value unless otherwise stated in the relevant notelsl to these accounts,
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going
concern.
Judgements and key source5 of estimation uncertalntv
In the application of the charity's accounting pollcies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experlence and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing ba515. Revisions to accounting
estimates are recognised in the periods in which the estimate is revised where revisions affects only that
period, or in the period of the revision and future periods where the revisions affects both current and future
periods.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general
nature is recognSsed when the charity has entitlement to the Income, It is probable that the income will be
recelved and the amount can be measured with sufficient rellability.
Page 15

John La Rose Trust
known as George Padmore Institute
Notes to the Financial Statements for the Year Ended 31 March 2024 {continued)
Donations and lego¢Aes
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be
reliably measured.
Grants recelvuble
Grants are recognlsed when the charity has an entitlement to the funds and any conditions linked to the grants
have been met. Where performance conditions are attached to the grant and are yet to be met, the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
DSvldends are recognised once the dividend has been declared and notification has been received of the
dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement 15 required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate simllar costs to that category. Where costs cannot be directly attributed to
particular headlngs they have been allocated on a basis consistent with the use of resources, with central staff
costs allocated on the basls of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Churitable actlvltles
Charitable expenditure comprise5 those costs incurred by the charity in the delivery of its activities and
service5 for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.
Support cost5
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent with the use of resources, for example. allocating property costs by floor areas, or per capita, staff
costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity's compllance with constitutional and statutory
requirements, includlng audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the test5 set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporatlon tax purposes. Accordlngly, the
charity is potentially exempt from taxation in respect of income or capital galn5 recelved within categories
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 16

John La Rose Trust
known as George Padmore Institute
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Tangible fixed assets
Individual fixed assets Costing £250.00 or more are initially recorded at cost.
Depreclatlon and amortisatlon
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:
Asset class
Depreciation method and rate
No depreciation is provided on building5
as the estimated residual value is not
materially below the carrying value, and
it's estimated useful life is so long to
result in depreciation being immaterial
25% reducinE balance basis
Land and buildings
Office equipment
Trade debtors
Trade debtors are amounts due from customers for merchandise 501d or services performed in the ordinary
course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently meas(tred at amortised
cost using the effective interest method, less provision for impairment. A provision for the impairment of trade
debtors is established when there is objective evidence that the charity will not be able to collect all amounts
due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignifltant risk of
change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Intere5t-bearing
borrowings are subsequently carried at amortised cost, wlth the difference between the proceeds, net of
transaction costs, and the amount due on redemption being recognised as a charge to the Statement of
Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable
and similar charges.
Borrowing5 are classified as current Ilabilities unless the charity has an unconditional right to defer settlement
of the liability for at least twelve months after the reporting date.
Page 17

John La Rose Trust
known as George Padmore Institute
Notes to the Financial Statements for the Year Ended 31 March 20241continued)
Fund structure
Unrestrlcted income funds are general fund5 that are available for use at the trustees discretion In furtherance
of the objective5 of the charity.
Designated funds are unrestricted fund5 set aside for specific purpose5 at the discretion of the trustees.
Pensions and other post retlrement obllgatlons
The charity operates a defined contribution pension scheme which is a pension plan under which fixed
contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further
contributions even if the fund doe5 not hold sufficient assets to pay all employees the benefits relating to
employee service in the current and prior periods.
Contributions to defined contribution plans are recogni5ed in the Statement of Financial Activities when they
are due. If contribution payments exceed the contribution due for servSce, the exces5 15 recognised as a
prepayment.
3 Income from donations and legacies
Unrestrlcted
funds
Deslgnated
Total
2024
Total
2023
Donations and legacies,.
Donations from individuals
Gift aid reclaimed
Grants, including capital grants,.
Arts Council England
Arts Council England
92,419
966
10,012
4,769
73,000
73,000
10,568
73,000
166,385
25,349
4 Income from charitable actlvltles
Total
2024
Total
2023
Book sales
1,167
5,731
2,351
227
9,160
5,552
Rental and rates
Events and workshops
Other income
9,476
14,712
Page 18

John La Rose Trust
known as George Padmore Institute
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
5 Investment Income
Unrestrlcted
funds
General
Total
funds
Interest receivable and similar income:
Interest receivable on bank deposits
73
73
Total for 2024
73
73
6 Expendlture on charitable actlvltle5
Unrestricted
funds
Designated
Total
2024
Total
2023
Note
Activity and workshops
Staff costs
1,216
11,552
1,349
60,493
18,093
5,263
48,793
16,463
Support costs
12,768
79,935
70,519
7 Staff costs
The aggregate payroll costs were as follows..
2024
2023
Staff costs during the year were:
Wages and salaries
Pension cost5
59,298
1,195
47,754
1,039
60,493
48,793
No employee received emoluments of more than £60,000 during the year
Page 19

John La Rose Trust
known as George Padmore Institute
Notes to the Financial Statements for the Year Ended 31 March 2024 {continued}
8 Analysls of support Costs
Support costs
Total
2024
Total
2023
Rent and rates
Water rates
2,063
263
3,930
342
Light, heat and power
Insurance
4,295
1,455
180
2.582
1.363
794
Repairs and maintenance
Telephone and internet
Administration
884
494
636
2,141
323
Printing and stationery
Website and IT
Sundries
150
6,044
104
882
459
Accountancy
Legal and professional
Royalties payable
Bank charges
Depreciation of office equipment
{ProfStl/loss on sale of tangible fixed assets held for charity's own use
1,584
1,434
631
53
107
240
328
437
358
18,093
16,463
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during
the year.
No trustees have received any reimbufsed expenses or any other benefits from the charity during the year.
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
PaEe 20

John La Rose Trust
known as George Padmore Institute
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
11 Tanglble fiKed assets
Land and
bulldlngs
Furniture and
equipment
Total
Cost
At l April 2023
200,000
4,147
204,147
At 31 March 2024
200,000
4,147
204,147
Depreclatlon
At l April 2023
Charge for the year
2,835
328
2,835
328
At 31 March 2024
3,163
3,163
Net book value
At 31 March 2024
200,000
984
200,984
At 31 March 2023
200,000
1,312
201,312
12 Debtors
2024
2023
Prepayments
Other debtors
472
510
504
2,384
976
2,894
13 Cash and cash equivalents
2024
2023
Cash on hand
Cash at bank
134
103,218
8,698
103,352
8,698
Page 21

John La Rose Trust
known as George Padmore Institute
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
14 Credltor5: amounts falllng due within one year
2024
2023
other taxation and social security
Other creditors
Accruals
207
930
4,398
1,434
1,518
2,448
6,039
15 Pension and other schemes
Deflned contribution pen51on scheme
The tharlty operates a deflned contribution pension scheme. The pension cost charge for the year represents
contributions payable by the charity to the scheme and amounted to £1,06112023 - £1,039).
16 Funds
Balance at I
April 2023
Incomlng
resources
Resources
expended
Balance at 31
March 2024
Current period
Unrestrlcted fund5
General
General Funds
6,865
102.934
167,1671
42,632
Deslgnated
GPI Designated Fund
Arts Council England
200,000
200,000
60,232
73,000
112,7681
200,000
73,000
112,7681
260,232
Total funds
206,865
175,934
179,9351
302,864
Page 22

John La Rose Trust
known as George Padmore Institute
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Balance at I
April 2022
Incomlng
resources
Resources
expended
Balance at 31
March 2023
Prior perlod
Unrestricted funds
General
General Funds
37,323
29,493
159,9511
6,865
De51gnoted
Designated Funds
200,000
200,000
Total unrestrlcted funds
237,323
29,493
159,9511
206,865
Restricted funds
Reachlng New Generations
10,568
110,568)
Total funds
237,323
40,061
170,5191
206,865
The speclfic purposes for which the funds are to be applied are as follows..
Restricted funds for the Arts Council England-funded Reaching New Generations were to pay for.. the website
redevelopment (including website design costs, making short films for the website and fees for the use of
images by artist Errol Lloyd),. archive cataloguing system and upgrades to work on our website; a writer's
residency leading to the writing of two children's books,. all publishing costs lor two children's books,. PR
consultancy work to publlcise the two books,. and any other related costs for this specific projert as set out in
our budget to Arts Council England.
17 Analysis of net a55et5 between funds
Total funds at
31 March
2024
Unrestrlcted funds
General
Designated
Tangible fixed assets
Current assets
984
200,000
60,232
200,984
104,328
12,4481
44,096
12,4481
Current1Sablllties
Total net assets
42,632
260,232
302.864
Page 23

John La Rose Trust
known as George Padmore Institute
Notes to the Financial Statements for the Year Ended 31 March 20241continued)
Total funds at
31 March
2023
Unrestricted funds
General
Designated
Tangible lixed assets
Current assets
1,312
11,592
16,0391
200,000
201,312
11,592
16,0391
Current liabilities
Total net assets
6,865
200,000
206,865
18 Related party transactlon5
During the year the charity made the followSng related party transactions:
New Beacon Books Llmlted
IGPI Trustee Janice Durham is also a director of New Beacon Books Ltd)
During thè year John La Rose Trust received E4,883 from New Beacon Books Ltd comprising rent of the ground
floor of 76 Stroud Green Road and associated bills, as well as for book sales of GPI publications made by New
Beacon Books Ltd. At the balance sheet date the amount due to/from New Beacon Books Limited was £Nil
12023 - £Nil).
Page 24